| THE SECURITIES ACT | ) |
Order No. 5501 |
) |
||
| Sections 19(5), 148.1(1) and 148.2 | ) |
October 17, 2007 |
WILD DOG INCORPORATED and RYAN SOOKRAM,
also known as RYAN SOOKRUM
WHEREAS:
(A) On March 15, 2007, The Manitoba Securities Commission ("Commission") issued a Notice of Hearing ("Notice"), by reason of the allegations set out in the Statement of Allegations of staff of the Commission dated March 15, 2007 ("Statement of Allegations"), giving notice of its intention to hold a hearing on May 2, 2007 at 9:00 a.m. to consider, inter alia, whether or not it was in the public interest to grant orders pursuant to subsection 19(5), subsection 148.1(1), and section 148.2 of The Securities Act ("Act") with respect to WILD DOG INCORPORATED and RYAN SOOKRAM also known as RYAN SOOKRUM;
(B) On May 2, 2007, the first appearance of the hearing proceeded before a panel of the Commission, resulting in an order of substitutional service and adjournment to June 20, 2007 as contained in Order No. 5358;
(C) On June 20, 2007, the matter next appeared before a panel of the Commission at which time hearing dates were set for October 16, 17, and 18th, 2007;
(D) On June 20, 2007, a Notice issued confirming the hearing dates;
(E) On October 9, 2007, the Statement of Allegations was amended ("Amended Statement of Allegations");
(F) On October 16, 2007, the hearing commenced before a panel of the Commission and continued and concluded on October 17, 2007;
(G) Upon reviewing the Affidavits filed, having heard the evidence of the witnesses called, and having reviewed the documentary evidence submitted by counsel for staff of the Commission, no one appearing for the respondents, the Commission is of the opinion that it is in the public interest to make this order.
IT IS ORDERED:
1. THAT, pursuant to subsection 19(5) of the Act:
(a) subsection 19(1) of the Act does not, with respect to such of the trades referred to in that section, apply to WILD DOG INCORPORATED; and
(b) subsection 19(2) of the Act does not, with respect to such of the securities referred to in that section, apply to WILD DOG INCORPORATED;
commencing immediately this day October 17th, 2007 and continuing thereafter indefinitely.
2. THAT, pursuant to subsection 19(5) of the Act:
(a) subsection 19(1) of the Act does not, with respect to such of the trades referred to in that section, apply to RYAN SOOKRAM also known as RYAN SOOKRUM; and
(b) subsection 19(2) of the Act does not, with respect to such of the securities referred to in that section, apply to RYAN SOOKRAM also known as RYAN SOOKRUM;
commencing immediately this day October 17th, 2007 and continuing thereafter indefinitely.
3. THAT, pursuant to section 148.1(1) of the Act, WILD DOG INCORPORATED and RYAN SOOKRAM also known as RYAN SOOKRUM pay jointly and severally an administrative penalty of $5,000.00.
4. THAT, pursuant to section 148.2 of the Act, WILD DOG INCORPORATED and RYAN SOOKRAM also known as RYAN SOOKRUM pay jointly and severally to Mark Hein the amount of $11,950.00.
5. THAT, pursuant to section 148.2 of the Act, WILD DOG INCORPORATED and RYAN SOOKRAM also known as RYAN SOOKRUM pay jointly and severally to Chad Whitman the amount of $24,179.00, in Canadian funds.
6. THAT the issue of costs in this matter shall be adjourned to a later date to be announced pending receipt from staff of additional information to be submitted and reviewed by the panel.
BY ORDER OF THE COMMISSION
Director